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Market Cap

€233.6m

Last Updated

2021/05/05 20:03 UTC

Data Sources

Company Financials +

Executive Summary

Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic solutions for the passenger cars and light commercial vehicles, commercial vehicles, and industrial applications. More Details


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Polytec Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PYT is not significantly more volatile than the rest of Austrian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PYT's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.3%

PYT

-3.5%

AT Auto Components

1.6%

AT Market


1 Year Return

107.0%

PYT

44.3%

AT Auto Components

43.9%

AT Market

Return vs Industry: PYT exceeded the Austrian Auto Components industry which returned 42.3% over the past year.

Return vs Market: PYT exceeded the Austrian Market which returned 42.3% over the past year.


Shareholder returns

PYTIndustryMarket
7 Day-1.3%-3.5%1.6%
30 Day-2.7%-2.8%3.9%
90 Day19.3%-2.8%5.4%
1 Year107.0%107.0%47.7%44.3%48.5%43.9%
3 Year-21.2%-26.8%-31.0%-35.6%11.9%2.0%
5 Year54.8%35.3%-5.6%-16.2%84.2%59.1%

Long-Term Price Volatility Vs. Market

How volatile is Polytec Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Polytec Holding undervalued compared to its fair value and its price relative to the market?

6.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PYT (€10.62) is trading below our estimate of fair value (€11.34)

Significantly Below Fair Value: PYT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PYT is poor value based on its PE Ratio (36.3x) compared to the XE Auto Components industry average (20.3x).

PE vs Market: PYT is poor value based on its PE Ratio (36.3x) compared to the Austrian market (21.7x).


Price to Earnings Growth Ratio

PEG Ratio: PYT is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: PYT is good value based on its PB Ratio (1x) compared to the XE Auto Components industry average (1.7x).


Future Growth

How is Polytec Holding forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

38.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PYT's forecast earnings growth (38.4% per year) is above the savings rate (0.3%).

Earnings vs Market: PYT's earnings (38.4% per year) are forecast to grow faster than the Austrian market (21.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PYT's revenue (6.2% per year) is forecast to grow faster than the Austrian market (5.2% per year).

High Growth Revenue: PYT's revenue (6.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PYT's Return on Equity is forecast to be low in 3 years time (10.7%).


Past Performance

How has Polytec Holding performed over the past 5 years?

-19.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PYT has a large one-off gain of €18.0M impacting its December 31 2020 financial results.

Growing Profit Margin: PYT's current net profit margins (1.2%) are lower than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: PYT's earnings have declined by 19.9% per year over the past 5 years.

Accelerating Growth: PYT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PYT had negative earnings growth (-71.2%) over the past year, making it difficult to compare to the Auto Components industry average (-38.5%).


Return on Equity

High ROE: PYT's Return on Equity (3.8%) is considered low.


Financial Health

How is Polytec Holding's financial position?


Financial Position Analysis

Short Term Liabilities: PYT's short term assets (€303.7M) exceed its short term liabilities (€145.0M).

Long Term Liabilities: PYT's short term assets (€303.7M) exceed its long term liabilities (€189.0M).


Debt to Equity History and Analysis

Debt Level: PYT's debt to equity ratio (76.4%) is considered high.

Reducing Debt: PYT's debt to equity ratio has reduced from 98.7% to 76.4% over the past 5 years.

Debt Coverage: PYT's debt is well covered by operating cash flow (24.2%).

Interest Coverage: Insufficient data to determine if PYT's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Polytec Holding current dividend yield, its reliability and sustainability?

2.82%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 06 2021Ex Dividend DateJul 14 2021Dividend Pay DateJul 16 20212 days from Ex DividendBuy in the next 69 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: PYT's dividend (2.82%) is higher than the bottom 25% of dividend payers in the Austrian market (1.15%).

High Dividend: PYT's dividend (2.82%) is low compared to the top 25% of dividend payers in the Austrian market (3.31%).


Stability and Growth of Payments

Stable Dividend: PYT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PYT has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (102.5%), PYT's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PYT's dividends in 3 years are forecast to be well covered by earnings (30.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Markus Huemer (39 yo)

2.33yrs

Tenure

€461,000

Compensation

Mr. Markus Huemer has been Chief Executive Officer of Polytec Holding AG since January 1, 2019 and also serves as Chairman of the Board since January 01, 2019. Mr. Huemer served as Chief Operating Officer ...


CEO Compensation Analysis

Compensation vs Market: Markus's total compensation ($USD553.29K) is about average for companies of similar size in the Austrian market ($USD553.89K).

Compensation vs Earnings: Markus's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PYT's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: PYT's board of directors are seasoned and experienced ( 13.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Polytec Holding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Polytec Holding AG
  • Ticker: PYT
  • Exchange: WBAG
  • Founded: 1986
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: €233.593m
  • Shares outstanding: 22.00m
  • Website: https://www.polytec-group.com

Number of Employees


Location

  • Polytec Holding AG
  • Polytec-Strasse 1
  • Hörsching
  • Upper Austria
  • 4063
  • Austria

Listings


Biography

Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic solutions for the passenger cars and light commercial vehicles, commercial vehicles, and industrial applications. The c...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/05 20:03
End of Day Share Price2021/05/05 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.